Allan Meltzer & Paul Volcker are asked about Ron Paul's Audit the Fed bill

[TheLoyalOfficer]

It's not about the debate, you fools!!!

It's about the loans to foreign banks that you are making!

[winterrosscharlton]

LOL. THE OUTCOME IS A FREAKING GLOBAL DEPRESSION, AND THE CRUSHING FINANCIAL BLOW TO 3 GENERATIONS OF AMERICANS. ITS BECAUSE THE OUTCOME IS SO TERRIBLE THAT WE NEED THE AUDIT, AND THE SHUT DOWN.

[P0LICEstateWATCH]

what disgusting arrogance! Essentially saying: "the public is too stupid to get into what the geniuses at the Fed do. Give the banking cartel its monopoly on currency and credit. Sit down, AND SHUT UP!"

[msa1985]

hahah only monitor the outcome?? what a fucking retard. it's the outcome of what?? THE PROCESS!

[Oceanno69]

Dollar has been dead for years! It's just debt! When you can print money out of thin air you can do and buy anything even the government! Wake up China is your new leader...

[manmanguy]

Nobody really cares what one said to whom. Americans want to know where their fucking money is going. Especially when we bail out foreign nations.

[jhunted7667]

@manmanguy don't you understand , they are sending the money to a safe platform where they can use the Gold that they are buyings as a support for their SDR's that they will try and sell us on ,but we do not want a global currency for it will steal our severgnty,

[mit26chell]

Wow. It's now more important than ever for the American people to push HR 1207 (being reintroduced this month - call your congressmen!) It's public fact/record that the Fed manipulates interest rates, the overall economy, they have a monopoly over the creation of money/credit, they are involved in political scandals (Watergate), they are very much involved in foreign policy (funneling over $5 billion to Saddam through the Atlanta branch in the 90's). Apparently the ends now justify the means.

[Beeffyviolin]

¨the process is not important, only the outcome¨ That´s just another way of saying the means to the end are not important. That´s not very cool. He should read some Kant. The means don´t always justify thre ends and we need to know what their means are...

[JeffSalmeri]

"The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it." - JFK

[UtubeMyAccountName]

If their efficacy should be measured by outcome as this fellow suggests, then the fed should have been shut down generations ago.

"We don't know enough..."? Umm, isn't that the point of an audit? Or is this fellow suggesting that we are not capable of understanding?

What nonsense? Who is it that can't see through this?